Carlton Francis
Business Plan Draft
13 July 2016 | 11 replies
Business Plan (6/23/2016)Mission Statement:I strive to convert real estate properties that have become burdensome for current owners into blessings for new owners and tenants through various investing strategies such as wholesaling, fix-and-flipping, and buy-and-holding.Goals:Short Term (Over the Next 5 Years)Do my first wholesale dealForm an LLCGet my real estate licenseContinue building a funnel of leads that brings in 1-2 wholesale deals per monthStart building a portfolio of buy and hold propertiesPurchase our first primary residenceEstablish a team and marketing machine so that I can start confidently and efficiently operating with other strategies such as fix-and-flipping and buy-and-holding to generate more monthly deals, and faster and continuous capitalLong Term (Beyond the Next 5 Years)Build a portfolio of rental homes that are cash flowing a combined passive income of at least $6,600 monthly (33 units bringing in $200 monthly or some other dollars per door equivalent); I believe then I will have achieved financial freedom.No longer being restricted by HAVING to work full-time for someone else, I want to devote all my time and money to my family and using my God given gifts and talents to build relationships in which lives are transformed by the Gospel of Christ, and continue building passive income to fuel these endeavors until I die and the legacy is passed down to my childrenStrategy:Starting off, I plan to raise capital via wholesaling.
Chad K.
Can a wholesaler use asset based lendinb
14 July 2016 | 9 replies
In my experience this is the most economical and efficient way to fund deals.
Mark S.
The Great Equalizer for Texas? Property Tax Assessments
12 July 2016 | 22 replies
One factor I have seen driving the MF prices is international investors.
Eli Kallison
Recommendation for Real Estate Attorney & CPA
8 July 2016 | 3 replies
Are either particularly cost efficient for specific tasks?
Dave Carpenter
20 unit deal analysis in Wisconsin - specifically Waupun
12 July 2016 | 16 replies
I find that I can do $250 per month on a $50k unit, certainly this building will not get me to that level, but there is also the efficiency of being able to hand off management being all the units are in one place.
Mark Barnes
Does the 50% Rule include Property Management Fees
12 July 2016 | 10 replies
There is an efficient process to follow with steps where you go deeper with due diligence at various stages ( initial inquiry, LOI submitted, purchase and sale signed ).
Holden P. Sykora
Newbie in Lubbock
25 October 2016 | 9 replies
And also if you'd rather PM me so we can communicate more efficiently that'd be great.
Yanis P.
Angel Contractor
15 July 2016 | 8 replies
Any flexibility you have on when you get paid is also a plus as it allows the hiring firm to manage cash flow more efficiently.
Jake Gaines
Turnkey Properties? Yea or Nay?
24 July 2016 | 15 replies
You don't want to be in a situation where everyone works at the XYZ company factory and one day XYZ company decides to move their operations overseas leaving 60% of the town's population unemployed.Read reviews.
Robert Shelton
MLS Comps in Oklahoma
14 July 2016 | 7 replies
It helped me make my analysis so quickly and efficiently.